Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1851.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase...
Last week bearish scenario in Gold against Dollar pair, may continue this week, price may go up to the price area of 1925 , where the Resistance for this set up, from there it expected to continue its bearish move this week, Note- Analysis given for education purpose...
I would go long on xauusd because its forming a triangular descending pattern and has given a beakout upwards. ENTRY : 1950 FIRST TARGET : 1967 STOP LOSS : 1945
Gold prices continued to move sideways on the back of multiple events and updates floating in the market, although if the metal could not keep up pace it will be on the track for its first weekly decline in three weeks for the metal. On the bright side for the metal yesterday, President Trump announced that he is willing to raise his offer of $1.8tln for a Covid...
It looks like Gold against Dollar trying to form a Head and shoulder pattern, in order to raise again atleast till 1930 area..
Gold against Dollar, have been seeing the bullish trend right from the 1st of October, reason could be weakening US Dollar , strong fundamentals have contributing the bulls of this pair particularly US Elections also joins, Last week the sudden rise of Gold is expected to go Long for at least next few days in the coming week.. may be till 15-Oct till at the price...
#Gold seems to be breaking out of a small timeframe cup and handle
The daily right side is up against 8/16/2018 low at 1159. The 4 hour is turning down against 2075. While above 1848 where the hourly is turning up Gold can correct the cycle lower from 2075 before another swing lower to correct the cycle up from the March lows. LONG @ 1900-1897 TP: 1930 SL: 1886 GOOD LUCK !
Midterm forecast: While the price is below the resistance 1920.00, continuation of downtrend is expected. We make sure when the support at 1747.50 breaks. If the resistance at 1920.00 is broken, the short-term forecast -continuation of downtrend- will be invalid. Technical analysis: The Falling Wedge taking shape and as a bullish pattern suggests we will soon...
Mid-Term Forecast: Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1909.00). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day...
Dear Gold traders, Gold against Dollar pair, looking bullish at the start of the week, due to weakness of Dollar at the end of last week may continue till mid of the week, it may take the down path after hitting the area around 1900,
The sideways action in GOLD is not a Wave 4 triangle as assumed earlier. A Wave 4 triangle should have resulted in a swift move up, this has not been the case. This is turning out to be a Wave B triangle , so a Wave C to the downside is the next expected move.
The daily right side is up against 8/16/2018 low at 1159. The 4 hour right side is up against 1668. While below 1973 where the hourly is turning down Gold can correct the cycle up from the March lows. SELL GOLD @1870-75 TP: 1848-40 SL: 1890 GOOD LUCK
Strengthened USD can be the reason for bearish Gold , At the end of the week the pair looking to settled down at the zone 1810 zone which the nearest demand zone..
Gold trading in the zone forming symmetrical triangle, waiting for the breakout .
Midterm forecast: While the price is above the support 1901.20, resumption of uptrend is expected. We make sure when the resistance at 2075.05 breaks. If the support at 1901.20 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The symmetrical triangle taking shape and as a continuation pattern suggests we will soon...